What Is an NFT | Investor Mentor

An NFT, or non-fungible token, is a unique digital identifier recorded on a blockchain that certifies ownership and authenticity of a digital item, such as an artwork, photo, video, or audio file, and can be sold, traded, and transferred like a physical collectible. NFTs are created using blockchain technology, such as Ethereum, and are stored in digital wallets, like MetaMask. The concept of NFTs has been influenced by the development of cryptocurrencies and the rise of decentralized finance (DeFi), with platforms like OpenSea and Rarible leading the way.